Being new to magic I went out and bought some stuff that I thought would be useful, including a TT, some thread, some wax and other bits and pieces.

Now I'm kind of wondering what to use these things for! I know some uses for the thread and have some ideas of my own, but I have this 'huge' tub of wax and don't really know what to do with it!

Any suggestions or website recommendations?

Not knowing what kind of thread you have it is difficult to comment. There are lots of great videos on the use of IT and I would refer you to them.

Many magicians use wax in conjunction with thread effects. I will leave the why to be explained in books and tapes on threadwork. It will become self-evident at that time.

Some other tricks that use wax just off the top of my head would include card on wall (or ceiling) card stab with deck in paper bag. After that I have exhausted my entire knowledge of wax effects.

To tell you the honest truth, I have been doing magic for thirty years and have never purchased magicians wax, so I will leave this part of your question to others. Thread on the other hand can create sheer miracles. No pun intended.

I was wondering what is magician's wax made of? Is it toxic? Anyone know?

Go download MELT from expertmagic.com, it's 15$ but totally worth it.

If you are interested in thread magic buy the Ammar collection "easy to master thread miracles." It's more expensive that MELT but in the long run it will be better you will learn a lot of stuff and you will be able to pick just what you like. Plus you will save a lot of money. Ammar teaches you where to find thread and wax by yourself.

I also have never used wax, but I do use my IT. I like useing a loop of tape to do card on the wall.

Most magicians' wax is non-toxic. There are dozens of tricks you can use it with, including some where you make cards or other light objects adhere to things.

You will find different grades of wax too.

Some are rather hard and others are somewhat sticky to handle. You can mix two kinds to get the required consistency for the tackiness you need. Work them together until they get plyable and well mixed. Your hand heat should be enough.

Sometimes you want to stick two objects together so they will stay without being messy and sometimes you want it tacky so it grips easily and quickly.

i.e. A few (pre-conditioned) coins can be placed in the hand and squeezed together so they can be vanished silently.

As far as thread goes, light is your enemy.

Try to remember that they are looking from a different point of view. What is invisible to you from your perspective, might be highly visible from their position.

I believe if it is back-lit with a bright light behind, then it will be easier to see it's outline.

Choose your arena carefully. Being caught is hard on the ego.

Some of the things that are being said here should not be on an open forum. This should be discussed in the banquet room.